National Mortgage Licensing System Picking Up Steam.

An Internet based nationwide National Mortgage Licensing System HERE is picking up steam.

Washington state has announced HERE that it's implementation of broker licensing using this system goes live on July 1. Washington joins 7 other states, with another 10 expected during the remainder of 2008 who are or will be using this nationwide system. (I don't know whether or when Oregon will be joining this system).

The FHA /GSE Reform bill also includes a provision that encourages adoption of a nationwide licensing system. See Title V, SAFE Mortgage Licensing Act provisions that begin on page 146 of the bill HERE still under consideration in the Senate.